Metals Trader Of Integrated

Metaquotes continues its effort to plug Metatrader 5 platform into as many liquidity sources as possible. Latest were Currenex and CitiFX Pro. Connecting to Integral’s FX Grid will allow brokers with the right liquidity relationships to plug MT5 to liquidity pools they are able to access through FX Grid. MetaQuotes Software Corp. announces integration of its MetaTrader 5 Trading Platform with FX Grid, a global inter-institutional connectivity and trading network developed by Integral Development Corp. Thus the brokers that use MetaTrader 5 get access to one more liquidity platform in the forex market. The MetaTrader 5 connects to Integral through new gateway, which was developed by MetaQuotes Software Corp. The connection of the trading platform with the diverse sources of liquidity on ...

(Reuters) - Gold fell on Wednesday as weak physical demand and losses in equities and other commodities following disappointing U.S. private-sector jobs data extended the precious metal's decline to a second day. The metal, which for most of the year has tracked the performance of riskier assets, came under pressure after the ADP employment report showed U.S. companies hired the fewest people in seven months in April, adding to concerns that the economy has lost some momentum. Market watchers said the ADP data, however, was not enough to alter a view that a strong run of U.S. economic indicators have smashed hopes of further quantitative easing, or government bond purchases, by the Federal Reserve. The gold market is looking to Friday's April nonfarm payrolls data for the latest clue ...

Gold fell in quiet trade on Monday on weakness from equities and other commodities and fading hopes of more U.S. monetary easing could further weigh on bullion prices. The metal, which has tended to follow riskier assets, was pressured by a one-percent drop of the S&P 500 index .SPX on renewed Europe debt fears. Heavy losses in crude oil and copper also triggered a sharp sell-off in silver which has a strong industrial demand component. Trading volume of U.S. gold futures was sharply below average after it posted a 2012 low in the previous session, as some investors have reduced their bullish position in gold amid a brighter economic outlook. Sentiment in the gold market remains cautious ahead of an outcome of a Federal Reserve policy meeting on Wednesday. Gold has lost more than $150 ...

(Reuters) - Gold prices fell almost 1.5 percent on Friday as a stronger dollar sparked a wave of end-of-week selling amid mounting fears about the euro-zone debt crisis and after Chinese economic growth data disappointed investors. Bullion ended off session lows to finish down 1.2 percent. For the week, it finished up almost 1 percent, its largest weekly rise since the end of February. But a late afternoon sell-off saw gold prices tumble $10 in a matter of minutes as concerns about the deepening euro-zone debt crisis fuelled end-of-week liquidation. Traders suggested banks may be looking to reduce risk and bolster capital flows. Spot gold was down 1.22 percent at $1,654.54 an ounce at 2.55 p.m. EDT (1855 GMT), heading for its biggest daily fall since April 4. U.S. gold futures for June ...

(Reuters) - Gold prices rose moderately on Monday, firming initially on technical buying and later hitting three-day highs as the metal followed gains in oil and equity markets after data showed improved manufacturing in the United States and China. Gold also drew support as the euro retraced early losses after falling to one-month lows against the dollar on weak European economic data. Spot gold traded up 0.6 percent at $1,677.46 an ounce by 3:35 p.m. EDT (7.35 p.m. GMT), while U.S. gold futures for June delivery gained $7.20 an ounce at $1,679.10. "The U.S. stock market turned around to be supportive, plus the rally in crude oil. But gold was the first out of the box, predominantly on technical buying," said Frank McGhee, precious metals trader at Integrated Brokerage Services ...

Silver rallied more than 4 percent on Tuesday after it breached key technical resistance and gold prices raced toward $1,800 an ounce a day before the European Central Bank will offer cheap loans to banks. Bullion rose to a three-month high as markets focused on economic uncertainty driven by an upcoming ECB move to offer another half a trillion euros of low interest three-year loans to banks and companies in need of investment funds. Silver hit a five-month high and its rally quickened pace after it broke above recent highs near $35.70, a resistance that had failed to breach several times since September. "Both gold and silver are lifted by an expectation of continued liquidity coming into the market," said Frank McGhee, head precious metals trader at Integrated Brokerage Services LLC. ...

(Reuters) - Gold jumped to a three-month high on Wednesday, reversing early losses after bullish technical factors triggered fund buying, and platinum prices hit their highest in five months on supply worries. Platinum outperformed gold's 1 percent gain, rallying 2 percent on the prospect of shortage driven by a labor dispute in South Africa, the world's top platinum producer. Bullion turned positive late in the session and accelerated upwards once it breached technical resistance near $1,765 an ounce, an important area on price charts where two rallies failed since December. "We are seeing all the funds step in. It (technical buying) is the only thing at the moment that we can pin it on," said Frank McGhee, head precious metals trader at Integrated Brokerage Services LLC. Spot gold ...

Gold dropped on Tuesday as the dollar rallied versus the euro on renewed fears of credit downgrades in major European economies and uncertainty over Greece's bailout. Bullion slid with the euro after Moody's warned it may cut its triple-A credit ratings of France, Britain and Austria. The ratings agency cited the euro zone debt crisis. Weaker-than-expected U.S. retail sales data also cut investors' risk appetite, even though economists said the pick-up in sales excluding autos provided a firm footing for economic recovery. Spot gold was down 0.4 percent at $1,715.60 an ounce by 2:13 p.m. EST (1913 GMT), having touched an intraday low of $1,711.70 earlier in the day. U.S. gold futures for April delivery settled down $7.20 at $1,717.70. Trading volume was 20 percent below its 30-day ...

Gold dropped on Tuesday as the dollar strengthened versus the euro on renewed fears of credit downgrades in major European economies and uncertainty over Greece's bailout. Bullion slid with the euro after Moody's warned it may cut its triple-A credit ratings of France, Britain and Austria. The ratings agency cited the euro zone debt crisis. Weaker-than-expected January U.S. retail sales data also cut investors' risk appetite. Gold has slipped in February after rising 11 percent in January, when it was boosted by the Federal Reserve's nero-zero interest rate outlook for nearly three more years. Analysts expect the precious metal to trade in a range for the foreseeable future. "Any rallies will be capped against the overall potential of an economic slowdown, absent truly new actions by ...